LEVEL Vision Electronics Receives Second Order for $1.5 Million From a Large Telco
April 30 2009 - 9:30AM
Marketwired
LEVEL Vision Electronics Ltd. (PINKSHEETS: LVLV) today announced
that it has received another purchase order in the amount of US
$1.544 Million dollars from one of the logistics arms for one of
the largest Telcos in Latin America.
LEVEL Vision Electronics Ltd. has been homologating products for
the Telco's logistics company since the beginning of 2008. After
months of working with the engineers and achieving successful
homologation, the TELCO through its logistics company, has approved
several entry-level models. "We are excited to receive this
Purchase Order for 15,000 units of the Mid-entry level 'fashion
phone' and plan to produce and deliver this Model in time for the
Fall 'back-to-school' season," said Jean-Francois Lefebvre,
Vice-President of LEVEL Vision Electronics Ltd.
LEVEL projects more orders coming from the same customer as well
as other Telcos in different regions of Latin America being
approached to homologate some of the new models for Q4 - 2009 and
Q1 - 2010.
About LEVEL Vision Electronics
LEVEL Vision Electronics is an ODM / OEM (designer and
manufacturer) of consumer electronics (mainly Wireless Handsets)
primarily concentrating on the world's emerging markets. Through
its Unique Business Model, LEVEL works hand-in-hand with the Telcos
to customize the products to their specific targeted market
requirements.
Our current products can be found online at
www.levelelectronics.com and our upcoming related software products
are currently under development.
Important Information About Forward-Looking Statements
All statements in this news release that are other than
statements of historical facts are forward-looking statements,
which contain our current expectations about our future results.
Forward-looking statements involve numerous risks and
uncertainties. We have attempted to identify any forward-looking
statements by using words such as "anticipates," "believes,"
"could," "expects," "intends," "may," "should" and other similar
expressions. Although we believe that the expectations reflected in
all of our forward-looking statements are reasonable, we can give
no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause
those results to differ materially from those indicated in any
forward-looking statements made by us or on our behalf. Such
factors include our limited operating history; our need for
significant capital to finance internal growth as well as strategic
acquisitions; our ability to attract and retain key employees and
strategic partners; our ability to achieve and maintain
profitability; fluctuations in the trading price and volume of our
stock; competition from other providers of similar products and
services; and other unanticipated future events and conditions.
Contact: Alexander Coriaty Public Relations LEVEL Vision
Electronics Ltd. acoriaty@levelelectronics.com 514-993-1780 Canada
561-283-1780 USA
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